Archive for the ‘ General ’ Category
Best advice I can give any individual ,
Don’t let emotion effect the investment decision,
Pro Active apposed to reactive ,
More to follow ,
Tony Evans
Charity group Oxfam have carried out a study which shows that the world’s wealthiest 1% will soon own more than the rest of the world’s population.
The research indicates that the share of the world’s wealth owned by the richest 1% increased from 44% in 2009 to 48% last year. On these current trends, Oxfam says that it expects the wealthiest 1% to own more than 50% of the world’s wealth by 2016.
The charity is calling on governments to adopt a seven point plan to tackle inequality, including a clampdown on tax evasion by companies and the move towards a living wage for all workers.
Oxfam made headlines at Davos last year with the revelation that the 85 richest people on the planet have the same wealth as the poorest 50% (3.5 billion people). It said that that comparison had now become even starker, with the 80 richest people having the same wealth as the poorest 50%.
The charity said the research, published on Monday, showed that 52% of global wealth not owned by the richest 1% is owned by those in the richest 20%.
The remaining population accounts for just 5.5% of global wealth and their average wealth was $3,851 (£2,544) per adult in 2014, Oxfam found. That compares to an average wealth of $2.7m per adult for the elite 1%.
Last year I wrote a blog post on Are you among the world’s wealthiest? This will surprise you
To be in the worlds 1% you need assets of $798k .
An individual $3,650 ( all assets ) you among the wealthiest 50 % of the world population .The other half own only 1% of the world wealth !
77pc of adults – that’s 3.3bn people – have less than $10,000 .
To be the top 10pc of richest people – membership requirement is $77,000 – hold 87pc of the world’s wealth.
$798,000 is what you require to be in the top percentile of the world’s wealthiest. 1 % accounts for almost half – 48.2pc – of global assets.
Greed and fear moves the equity market more than any other market in my opinion, stock market is up 17% in a year. Remember in 2009 and everyone thought the world was going to end. The market is up a massive 197% since the March 2009 low.
It’s not timing in the market that delivers a return. It is time in the market.
Warren Buffett said it best:
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
What I have seen is a lot of individuals under the age of 32 haven’t participated in this rally and this could have serious consequences for their financial futures.
There is a mind-set amongst the millennial. Uncomfortable with choosing the stock market as their preferred method of investing they have the same attitude as their grandparents, risk averse.
The most preferred investment for millennial is cash, which is crazy in an era with inflation and low yield it could possibly be the worst in true return.
Millennial are not investing, they don’t have the pensions that their parents had and have a bigger burden of accumulating wealth on their own for their retirement needs. Particularly in an era where life expectancies are getting long, health care costs are going up, so they have a bigger financial outlay but are saving less.
This is an interesting trend I see in the market place that the generation that will have the largest financial burden are saving the least.
Tony Evans
Tokyo
24/7/2014
1,300 killed in chemical attack in Syria.
The Syrian opposition has just confirmed that state security forces have launched intense artillery and rocket barrages in the Syrian capital of Damascus – resulting in hundreds of people dead in a poisonous gas attack.
1,300 people were killed as shells rained down – the figure was confirmed by George Sabra, Deputy Head of Syrian National Coalition, the opposition to and replacement of the Bashar al-Assad government of Syria.
Initially, there were varying death tolls, which are common following attacks in Syria due to the government’s refusal to allow independent news reporting.
A local nurse told the press that many of the casualties are women and children, who arrived at medical centres with their pupil dilated, cold limbs and foam in their mouths – typical symptoms of nerve gas victims.
Videos uploaded to social networking websites showed hundreds of people dead, lying on pavements and inside buildings, their bodies showing no obvious signs of injury. In one video, at least a dozen young children’s bodies were lined up on the floor.
To date, there have been many claims of small-scale, localised chemical attacks in Syria, but the reports that emerged today suggest a possible wider dispersion of toxic agents.
This is heaviest attack since the start of the two-year conflict.
Notably, a Syrian official said that claims of the government using chemical weapons are absolutely untrue.
“The army will never use chemical gas on the Syrian people, if it does exist anyway” – Syria’s government has never officially acknowledged even possessing chemical weapons, although the regime is known to be in possession of significant stockpiles of various toxic agents.
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